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Nucleus Software Q2FY21 revenue at Rs137cr; PAT at Rs29.5cr


Nucleus Software Q2FY21 revenue at Rs137cr; PAT at Rs29.5cr

Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, announced its consolidated results for the quarter and half year ended 30th September 2020. Consolidated revenue for the second quarter of FY21 is at Rs137cr as compared to Rs128.2cr in Q2 of the previous year. Revenue for the first half-year of FY21 is at Rs265.3cr, against Rs252.3cr in the corresponding half-year of FY20.

EBIDTA for the quarter stood at Rs33.4cr in comparison to Rs20.6cr in the corresponding Q2 of the previous year.

The stock ended at Rs576.30, down by Rs30.3 or 5% from its previous closing of Rs606.60 on the BSE.

Net Profit after Tax (PAT) stood at Rs29.5cr in comparison to Rs21.1cr in the corresponding Q2 of the previous year. Product business revenue for the quarter was at Rs114.7cr in comparison to Rs101.3cr in the corresponding Q2 of the previous year.

Business Highlights:
• Added 4 new customers in the quarter from various geographies
• Won 10 product orders and implemented 17 product modules worldwide during the quarter
Muthoot FinCorp selected FinnOne Neo to drive the next phase of its business growth. With FinnOne Neo’s advanced capabilities, Muthoot FinCorp will be able to completely digitize and automate the complex lending processes as required in an increasingly virtual world, accentuated by COVID-19

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Beware of fraudulent job consultants

It has been brought to our notice that certain individuals are receiving fraudulent emails, phone calls, and messages, etc, about job vacancies with Muthoot FinCorp and they are also being asked to deposit money in certain bank accounts.

Please be informed that such communications and practices are completely mala fide and sent with an intent to defraud the public and bring disrepute to the goodwill of our Company. Our Company does not ever demand any fee/money against recruitment nor for the application/interview process.

The public at large is hereby cautioned not to be misled by any such communications received through emails, message or any other communication mode.

Please contact us for further information about the genuineness or otherwise of such communications at:

Muthoot FinCorp Ltd.

MG Road, Near Spencer's, Trivandrum - 695 039

Phone: 0471 4911550 / 0471 4911430

Email: [email protected]